FM: China plays unique, important role at G20 summit
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E-mail Xinhua, June 21, 2012
Hu believes that Europe has the wisdom and capacity to overcome its difficulties and maintain economic stability and development. He said China has always supported stability of the euro and Europe's effort for recovery and growth.
He said China is ready to work with the international community to participate in resolving the European debt problem.
European leaders attending the summit thanked China for its confidence in Europe, its support to integration of Europe and its assistance to Europe to overcome difficulties. They said they are willing to make greater efforts to advance Europe-China relations.
As for development, Hu urged the G20 summit to pay attention to the development issue, noting that common growth is the fundamental way to achieve sustainable global advancement.
Hu called for attention to be paid to the spillover effect of relevant countries' counter-crisis policies and measures on developing countries. He urged the international community to take concrete steps and deliver tangible results in promoting the prosperity and progress of developing countries and narrowing the North-South gap.
Hu pointed out that the function of international financial institutions in promoting development and reducing poverty should be enhanced, support to developing countries in conducting external trade should be strengthened, and investment in food security, infrastructure and other development issues should be increased.
He also noted that the G20 should adhere to the principle of common but differentiated responsibilities on the issue of sustainable development and support its members in choosing a sustainable development road that suits their countries' conditions.
On the sidelines of the G20 summit, Hu attended the leaders' meeting of BRICS nations and met with Mexican President Felipe Calderon and Ethiopian Prime Minister Meles Zenawi.
At the BRICS meeting, Hu emphasized that the G20 should fully listen to the opinions of emerging economies and developing countries and safeguard their rights. He called for firm actions on reform in the international financial sector by increasing the representation and the right of speech of emerging economies and developing countries so as to improve global governance.
Leaders of the BRICS nations, including Brazilian President Dilma Rousseff, Russian President Vladimir Putin, Indian Prime Minister Manmohan Singh and South African President Jacob Zuma called for stronger BRICS cooperation on the development issue. The leaders said they should encourage the international community to pay even greater attention to the situation and increase aid for infrastructure development and other issues.
The BRICS leaders' meeting discussed IMF recapitalization, saying that ensuring sufficient capitalization for the organization is conducive to the international community's effort to address major challenges in global economic and financial sectors.
The BRICS nations expressed their willingness to contribute to such efforts. At the same time, the BRICS leaders stressed that the IMF has to fully and timely implement the 2010 plan of quota and governance reform. In a bid to support IMF recapitalization, China decided to contribute 43 billion U.S. dollars.
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